A stock market trader was sentenced to two years in jail on Thursday, the first sentence to come out of the Financial Services Authority’s (FSA) biggest investigation into insider dealing.
Paul Milsom, who was a senior equities trader at the investment arm of life insurer Legal & General, was also ordered to pay 245,000 pounds, the total profit he made from insider trading.
He will serve half his sentence before being released on parole.
‘Enforcement 40’ for 2020
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